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Indluplace Properties Limited, the first residential focused REIT listed on the JSE, today announced that it has concluded an agreement with the Buffet Group to acquire 2 914 residential units with 3 400m² of associated retail space for a purchase price of approximately R1,4 billion.
The South African property sector is making reasonable efforts towards transformation, but it needs to pick up pace.
While Nigeria’s economic downturn created adverse conditions for international companies operating in the country, leading construction and property solutions company, Profica, adopted an astute approach to doing business that enabled them to weather the storm.
JSE diversified REIT - Dipula Income Fund (Dipula) - today reported strong interim growth with a 9,5% increase in distributable earnings on the prior period.
MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indexes, portfolio risk and performance analytics and ESG research, has released the IPD South Africa Annual Property Index, which shows the South African property investment sector delivered an ungeared total return of 11.1% in 2016.
Following extensive industry consultation, the Royal Institution of Chartered Surveyors (RICS) is tightening up requirements for RICS professionals and regulated firms working in the land, property and construction sector, with the publication of a new global professional statement on conflicts of interest.
The young Fieldspace Property Group proves itself as a force to be reckoned with. Having entered their second year as Fieldspace, the team is already showing signs of shaking things up in the property sector, proving that innovation is the name of the game.
SA’s listed property sector continues to feed investor appetite, having raised about R153bn in the past six years.
Liberty Two Degrees successfully listed on the Main Board of the JSE, in the “Diversified REITs” sector, earlier this morning under the abbreviated name: “Liberty2D”, [JSE code: L2D] in a landmark listing for the Liberty Group.
Nearly a third of all South African listed REITS (real estate investment trusts) can be counted among the JSE’s 100 most empowered companies in 2016.